Selected accounts of Homestead Bakery Inc. show the following:

Required

For each account, identify the item or items that should appear on a cash flow statement prepared by the direct method. Also, state each item’s amount and where to report the item.

Accounts Receivable Beginning balance 27,000 Cash receipts from customers 354,000 Service revenue 360,000 Ending balance 33,000 Land Beginning balance 640,000 Acquisitions paid with cash Ending balance 81,000 721,000 Long-Term Debt Payments 207,000 Beginning balance 819,000 Issuance of debt for cash 249,000 Ending balance 861,000